Finextra spoke to the 15-year-old Marling School student Scott Hiett after his victory at Finastra’s FusionONE Hackathon, beating other developers double his age with his winning product Hyber, an AI-based foreign exchange app that allows users to grow holiday money ahead of their trip.
A data centre cooling system problem halted futures and options trading at the Chicago Mercantile Exchange for several hours.
Wells Fargo and BNP Paribas are among the latest banks to be hit with multi-million dollar penalties by US regulators over employee use of unofficial communication tools like WhatsApp and iMessage.
Bank of the West is launching a checking account in partnership with 1% for the Planet,
that helps consumers to combat climate change
Since the CARES Act was enacted in March 2020, 200 defendants in more than 130 criminal cases have been prosecuted and over $78 million in cash proceeds derived from fraudulently obtained PPP funds have been seized, in addition to several real estate properties and luxury items purchased with the proceeds.
The Securities and Exchange Commission says a “SIM swap” attack was to blame for the hack on its X account earlier this month.
Atoa Payments, a UK startup using open banking to offer merchants an alternative to debit card payments, has raised $6.5 million in seed funding round led by Peter Thiel-backed Valar Ventures.
International securities regulator Iosco has set out nine policy recommendations designed to address market integrity and investor protection concerns connected to decentralised finance (DeFi).
Ziglu, a UK-based cryptocurrency business that once commanded a $170 million price tag, is looking to raise £2 million to stay afloat at a massively discounted £10 million valuation.
Mortgage lender Perenna has become the first UK startup to receive an unrestricted banking licence in 2023.
The board of Top Image Systems is recommending a cash takeover offer from Kofax that will see shareholders receive a hefty premium over the content processing firm’s share price.
During the Temenos Community Forum in Vienna in May this year, Finextra spoke to Phil Barnett, president of the Americas at Temenos, and Charles Kim, executive VP and CFO at Commerce Bank to discuss digital transformation in the US payments industry.
Hashstacs (Stacs), a Singaporean startup using DLT to help financial institutions meet their Environmental, Social, and Governance (ESG) needs, has raised US$3.6 million in pre-Series A funding.
French bank Credit Agricole (CA) is set to spend €15 billion on new technology over the next four years as part of its digital transformation.
Allium, a blockchain data platform that works with the like of Visa and Stripe, has raised $16.5 million in a Series A funding round.